title
Approval of Measure Y Sales Tax Status Report for Transmittal to City Council
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Contact Person/Dept: Jeff Muir - Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: [X]
Public Notification: (Email) Meetings and Agendas - Finance Advisory Committee (09/03/15)
Department Approval: Jeff Muir - Finance Department (09/03/15)
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RECOMMENDATION
Staff recommends that the Finance Advisory Committee (FAC) approve the Measure Y Sales Tax Status Report and authorize transmittal to City Council.
BACKGROUND/DISCUSSION
Item 2 on the FAC Work Plan is to ‘Develop a methodology to analyze Measure Y proceeds and report the results to the public.’ The attached Measure Y Status Report is a simple, one-page report that provides some background information on Measure Y, and shows budget versus actual results by fiscal year, top 25 Measure Y sales tax producers and the cumulative total received.
With approval of the FAC, and incorporating any changes requested by the FAC, staff will transmit this report to the City Council.
ATTACHMENTS
1. Measure Y Sales Tax Status Report VI - Draft
MOTION
That the Finance Advisory Committee:
1. Discuss the Measure Y Status Report;
2. Make recommendations to Staff; and
3. Authorize transmittal to City Council.